Cynthia Lummis Archives - Times Tabloid

CLARITY Update for XRP Army: Lummis Calls Out Senate Democrats

Solomon Odunayo — Wed, 16 Sep 2026 21:00:47 +0000

Senator Cynthia Lummis responded to the CLARITY Act failure with a public statement, accusing Senate Democrats of deliberately jeopardizing the bill. The act failed a Senate cloture vote on September 15, with 49-50 falling well short of the 60 votes required to advance.

“I sat at the table with Senate Democrats working in good faith to get this done while they played games,” she wrote.

A Year of Shifting Demands

Lummis described a negotiation process she says Democrats exploited. For over a year, Republicans met Democratic demands only to face new ones. “The second we met them, they made new demands and moved the goalposts,” she wrote.

She listed what Democrats voted against: real limits on politicians’ personal crypto investments, consumer protections against scammers and fraudsters, and American leadership in the digital asset space. She accused them of handing foreign competitors a strategic advantage, writing that they gave “China and every one of our foreign competitors exactly what they wanted.”

The Vote and Who Killed It

The bill needed 60 votes to advance, but got 49 instead. Democrats who had spent months at the negotiating table voted against it, including Senators Gillibrand, Warner, Booker, Warnock, Gallego, Alsobrooks, and Cortez Masto. Three Republicans also voted no: Collins, Hawley, and Moran. Senator Tillis opposed it through a procedural motion to recommit.

Republicans made over 100 major changes at Democratic request, resulting in a 635-page substitute bill days before the vote. On the morning of the vote, Democrats submitted a last-minute counter-offer.

The 2030 Warning

Lummis had flagged this outcome before it arrived. She previously warned that if the CLARITY Act failed this Congress, the next real opportunity for market structure legislation would not come until 2030. She tied that gap to real economic consequences: years of jobs, investment, and tax revenue.

The bill would have created a federal regulatory framework for digital asset oversight between the SEC and the CFTC. It had passed the House and both the Senate Banking and Agriculture Committees, but could not make it past the floor.

Where Regulation Goes From Here

The defeat does not freeze regulatory activity. Both the SEC and the CFTC want to pursue rulemaking regardless of the bill’s outcome. The next Congress takes office in January. A Democratic House majority after November would make market structure legislation significantly harder to pass.

Lummis closed her statement with a direct verdict: “Democrats chose politics over the American people.” She described the party as “anti-American” and called the vote a surrender to their radical, socialist base.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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CLARITY Act Update for XRP Army: Lummis Drops Major Statement Ahead of Cloture Vote

Solomon Odunayo — Tue, 15 Sep 2026 06:00:03 +0000

Senator Cynthia Lummis recently challenged Senate Democrats ahead of Tuesday’s cloture vote on the CLARITY Act. The message was clear: Democrats already got what they asked for. Now they need to vote yes.

Over 100 Amendments Are on the Line

In a recent post, Lummis pointed out that Senate Democrats secured more than 100 substantive changes to the bill during negotiations. She highlighted three in her post. The first protects self-custody rights, ensuring Americans can hold their own digital assets in private wallets without being forced through a regulated intermediary.

The second introduces a best execution requirement, which obligates brokers and exchanges to fill customer orders at the best available price rather than routing trades to benefit the platform. The third creates a new Office of the Retail Commodity Advocate, a statutory watchdog for retail investors operating in commodity markets.

What Democrats Built Into the Bill

These protections did not arrive by accident. They are products of more than a year of bipartisan negotiation. Republicans confirmed last weekend that the final substitute text incorporates 126 substantive changes requested by Democratic negotiators.

The ethics provisions are significant. Federal officials and their spouses must now divest substantial crypto-related financial interests or place them in a qualified blind trust. State attorneys general also gained enforcement authority, a concession the White House had resisted. President Trump agreed to those restrictions before the final text was released.

What a Failed Vote Costs

If the bill fails, every Democratic amendment fails with it. The self-custody protections disappear. The best execution requirement disappears. The Office of the Retail Commodity Advocate disappears. No version of the bill that carries those wins forward if cloture does not clear 60 votes on Tuesday.

The legislative calendar makes this more urgent. The Senate enters a state work period on October 5. House leaders have already cancelled the weeks of September 21 and 28. Lummis has said a failed vote likely pushes comprehensive digital asset regulation to 2030.

The Choice on Tuesday

In a separate post, Lummis addressed her colleagues directly ahead of the vote. “American leadership, real consumer protections, and giving law enforcement the tools they need to address illicit finance” sit on one side of Tuesday’s vote. Walking away and ceding regulatory ground to other jurisdictions sits on the other.

She was direct about what a no vote means globally. No other country can regulate this industry as well as the U.S. “The Clarity Act is right in front of us,” she wrote, “and this moment won’t come along again for years. Let’s take the win and get this done.”

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CLARITY Act Update for XRP Army: Lummis Sends Strong Message to Democrats

Solomon Odunayo — Fri, 11 Sep 2026 13:00:34 +0000

The September 15 Senate cloture vote on the CLARITY Act is approaching. Senator Cynthia Lummis, the bill’s architect and a key supporter, has revealed why Democrats have no credible reason to vote against it.

Democrats Shaped This Bill

Lummis posted a detailed account of Democratic involvement in the CLARITY Act. Her central argument is simple. Democrats helped write the legislation. They secured more than 115 wins in the text. They demanded a felony bar on fraudsters. They allocated $ 150 million to the CFTC. They pushed for a crackdown on platforms like Binance, and they got it.

Lummis’ conclusion follows directly from those facts: “Now they need to vote for the bill they built.” The post puts Democratic senators in a difficult position ahead of Monday’s vote. The bill needs 60 votes to clear cloture. All 53 Senate Republicans are committed to voting yes. Seven Democratic votes are still needed.

The Vote and What It Requires

The CLARITY Act establishes a federal regulatory framework for digital assets. It defines which assets fall under SEC jurisdiction and which fall under CFTC jurisdiction. The bill has already cleared the House and advanced through both the Senate Banking and Agriculture committees.

Treasury Secretary Scott Bessent has urged the Senate to advance the bill, warning that inaction would signal that America is unwilling to lead on digital assets.

The Crypto Community Responds

The post drew strong reactions across the crypto community. One account argued that Trump will refuse to agree to realistic ethics enforcement, and that Lummis knows this but cannot say so publicly. Another said the big banks oppose the bill and have political influence over those blocking it. However, Senator Lummis previously revealed that major Wall Street institutions, including banks, support the bill.

One community member expressed frustration with the current version of the bill, calling it watered down and too favorable to big banks. He argued that if it fails to pass immediately, regulators should move forward with installing CFTC and SEC processes aligned with the original text.

Both the SEC and CFTC Chairs have expressed willingness to move forward with regulation. Whether the CLARITY Act passes or not, the crypto space will receive some form of regulation soon.

Monday’s vote is the first test. If cloture clears 60 votes, the bill moves forward. If it fails, Lummis has made clear the next opportunity may not arrive until 2030. She is urging Democrats to vote for the bill they helped write.

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CLARITY Act Update for XRP Army: Lummis Drops Major Statement Against Next Week Vote

Solomon Odunayo — Wed, 09 Sep 2026 14:00:11 +0000

A deadline is approaching, and Senator Cynthia Lummis wants Congress to feel it. With the Senate scheduled to vote on the CLARITY Act on September 15, Lummis posted a stark choice to her colleagues: “They can choose American innovation and strong consumer protections, or cede the future of finance to China.”

The post has drawn significant attention from the crypto community ahead of one of the most consequential legislative votes in the industry’s history.

The Upcoming Vote

The September 15 cloture vote requires 60 votes to advance the bill. All 53 Senate Republicans are committed to voting yes. That leaves a 7-vote gap that must come from Democrats. If cloture fails, the bill does not simply get rescheduled. Senator Lummis has stated publicly that a failed vote pushes meaningful crypto legislation to 2030.

The House Calendar Problem

Passing cloture is only the first hurdle. House Republican leadership canceled the final two weeks of its September session. Members leave Washington by September 17. The Senate’s procedural process alone typically takes one to two weeks after a cloture vote.

If the Senate passes an amended version of the bill, the House must approve those changes before it reaches the President’s desk. With members gone until mid-November, any amendments could stall the bill even after a successful Senate vote.

The Importance of the Bill

The CLARITY Act establishes a federal regulatory framework for digital assets. It defines which assets fall under SEC jurisdiction and which fall under CFTC jurisdiction. For XRP holders, this matters directly. While XRP has already secured clarity through the court, proper legislation could open more doors for the asset and the broader industry.

The remaining sticking point between chambers is an ethics provision. House Financial Services Chairman French Hill has said negotiators view that gap as narrow enough to close.

The Community Reacts

One community member questioned why Democrats oppose the bill if the concern is competition from China, noting that China already operates under strict financial regulation. EGRAG CRYPTO, a prominent analyst and XRP enthusiast, thanked Lummis for fighting for team U.S.A.

One community member suggested the House schedule effectively killed the bill even before the vote. Another commenter said the bill’s opposition stems from a desire to deny the current administration a legislative win rather than any substantive policy disagreement.

The entire crypto market is watching September 15, and some commenters are already threatening to vote out anyone who votes against the bill.

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CLARITY Act Update for XRP Army: Senator Lummis Issues Major Warning

Tobi Loba — Mon, 07 Sep 2026 18:00:46 +0000

The crypto industry has spent years waiting for a federal market structure framework. Senator Cynthia Lummis says the window to get one may be shorter than most people realize.

Lummis posted on X reinforcing her position on the CLARITY Act, stating: “If the Clarity Act doesn’t pass this Congress, the next real opportunity to bring market structure legislation back up is 2030.”

She added that years of jobs, investment, and tax revenue are at stake, and called on lawmakers to finish the work now.

Lummis’ 2030 Warning

The warning is not new, but the timing gives it more weight. The Senate cloture vote on the CLARITY Act is scheduled for September 15 at 2 p.m. That vote requires 60 votes to advance the bill. All 53 Senate Republicans are committed to voting yes, but 7 Democratic votes are still needed.

If the bill fails to clear cloture, it does not simply get rescheduled. The 2026 midterm election calendar leaves almost no legislative floor time after September. A new Congress takes over in January with an unknown composition. The bill would restart from zero. Lummis believes that process would not produce results until 2030.

The House Calendar Problem

Even if the Senate clears cloture on September 15, a separate timing problem exists. The House of Representatives canceled the final two weeks of its September session. Members leave Washington by September 17. That leaves a two-day overlap between the Senate vote and the House departure.

If the Senate passes an amended version of the bill, the House must approve those changes before it can go to the President. With members absent until mid-November, any Senate amendments could stall the bill even after a successful vote.

XRP Army Reacts

The post drew wide attention from the crypto community. Several users pushed back on the 2030 timeline, questioning why a failed vote cannot simply be brought back up in a matter of weeks rather than years.

One user noted that failing to pass legislation with a Republican majority would represent a wasted opportunity for the party. Another called for less commentary from lawmakers and more legislative action, asking Lummis to do her job and get it passed.

The Road to September 15

The vote on September 15 is just a few days away. This is the first test. Whether the bill clears 60 votes, survives the two-day House window, and reaches the President’s desk will determine whether Lummis’s 2030 warning becomes a reality.

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Senator Lummis States Why CLARITY Act Crucial for Crypto and XRP Holders

Solomon Odunayo — Sat, 05 Sep 2026 19:00:35 +0000

When a crypto exchange collapses, customers lose. They join a long queue behind lawyers and creditors, often recovering only a fraction of their assets. Senator Cynthia Lummis, one of the CLARITY Act’s most prominent advocates, says her bill fixes that.

Lummis believes that the problem is not hypothetical. “When a crypto exchange goes bankrupt today, customers are forced to get in line behind lawyers and creditors with low priority in hopes of maybe recouping a fraction of their assets,” Lummis wrote.

The FTX Effect

FTX collapsed in November 2022, and customers lost billions. Bankruptcy courts treated customer funds as estate property, leaving ordinary users competing against institutional creditors for whatever remained. Similar outcomes followed at Celsius, Voyager, and BlockFi. Each collapse exposed the same gap where crypto customers had no legal priority over their own assets.

Traditional finance does not work this way. Under existing securities law, customer funds held at a licensed broker are segregated from company assets. If the broker fails, customers get their money back first. Crypto had no equivalent protection, and the CLARITY Act was written to change that.

What the Bill Does

The legislation classifies digital commodities as customer property under the U.S. Bankruptcy Code. That classification places customer assets outside the general estate of a failed exchange. Customers recover before anyone else in the queue.

Sections of the bill connect digital commodities to the bankruptcy framework that already governs commodity contracts. It also adds mandatory segregation requirements. Exchanges and brokers must hold customer assets at qualified digital asset custodians, separate from company funds. The commingling that made FTX so damaging becomes prohibited.

Lummis and the Fight for the Bill

Lummis has pushed the CLARITY Act for years. She serves on the Senate Banking Committee and has been central to the bill’s progress in the Senate. She has publicly defended the bill against criticism. She has also warned that failure to pass the bill in the current legislative window could push crypto regulation to 2030. A Senate cloture vote is scheduled for September 15.

The Impact on Crypto Holders

XRP holders and the wider crypto community have closely tracked the CLARITY Act. It represents the first federal framework that would give digital asset holders the same recovery rights that stock and commodity investors already have.

If the bill passes the vote on September 15, it could be delayed in the House, but Republicans are eager to get it to the President’s desk. Once the bill passes, the next exchange failure, whenever it comes, would play out under different rules. Customers would not be last in line.

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CLARITY Act Update for XRP Holders: Lummis Makes Major Date and Time Confirmation

Tobi Loba — Wed, 19 Aug 2026 12:00:10 +0000

Senator Cynthia Lummis took the stage at the SALT Conference in Jackson Hole and reaffirmed what the crypto industry already knew.

The CLARITY Act is scheduled for a Senate cloture vote on September 15 at 2 p.m. Cointelegraph reported the remarks on X with a video of Lummis speaking at the event.

The date and time had already been confirmed by Senator Bernie Moreno and secured by Senate Majority Leader John Thune before the August recess. Lummis put it on record at one of the year’s most high-profile crypto gatherings.

Lummis’s Comments on the CLARITY Act

Lummis described how the scheduling came together. “I had a fit and fell in it,” she said, “and Senator Thune was kind enough to actually schedule the bill for September 15th at 2 p.m. no less.” She emphasized that having a specific time, not just a date, matters for forcing lawmakers to commit. “You have to force them to vote to get them to be serious about it,” she said.

The remarks came from the same event where Ripple CEO Brad Garlinghouse also appeared. The Wyoming Blockchain Symposium drew roughly 500 participants, including policymakers and institutional investors.

Securing the Votes

The CLARITY Act is a crypto market structure legislation bill that cleared the House with strong bipartisan support. In the Senate, the bill requires 60 votes to advance past the cloture threshold. Senator Bernie Moreno has confirmed that all 53 Senate Republicans are committed to voting yes. That leaves a 7-vote gap that must come from Democrats.

Reports have indicated that between 7 and 10 Democratic senators are prepared to support the bill. Senate Majority Leader John Thune filed cloture before the August recess, securing the bill its floor time. September 15 is locked in.

Mixed Responses From the Community

The response from the crypto community was mixed. Some expressed frustration, feeling the September 15 date had already been widely reported and that Lummis presenting it as a milestone added little new information. One observer noted it is the easiest kind of headline to make and the easiest to slip on.

Another pointed out that the vote slated for September 15 is a cloture vote to proceed, not the final vote on the bill. He thereby questioned when the actual vote on the CLARITY Act would happen.

Watching September 15

The vote is confirmed. Whether it passes depends on those Democratic votes, but many Democrats are still opposed. The industry has the date, the time, and now a public reaffirmation from one of the bill’s most prominent advocates.

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Update for XRP Holders: Lummis States What Will Happen If CLARITY Act Is Killed

Tobi Loba — Wed, 12 Aug 2026 11:00:51 +0000

Concerns about stablecoins taking deposits away from community banks have become part of the debate surrounding the CLARITY Act.

U.S. Senator Cynthia Lummis has rejected that concern, citing banking data that she says shows deposits continue to grow across the U.S. banking system. She also pointed to the decline in community banks as evidence that consolidation, rather than stablecoins, remains the larger issue facing smaller institutions.

Lummis Points to Deposit Growth

Lummis said that some community banks have suggested that stablecoins are driving deposit flight. She challenged that claim by citing data from Bank of America and the Federal Deposit Insurance Corporation.

According to Lummis’s X post, Bank of America data shows household deposits increased across income groups this year. She also cited FDIC data showing that domestic deposits have grown for seven consecutive quarters.

Community banks, she added, have performed better than the wider banking industry on deposits, recording 5% growth. Lummis used those figures to question whether stablecoins are responsible for significant deposit losses at smaller banks.

Her post also addressed concerns surrounding the CLARITY Act compromise. Lummis said Section 404 would prohibit stablecoin issuers from offering payments that function as interest, including rewards or points that operate similarly. The provision would also prevent issuers from marketing stablecoins as deposits or claiming that they receive FDIC insurance.

Lummis described those requirements as stricter than current law rather than more permissive.

Community Bank Consolidation Takes Center Stage

Lummis then shifted the focus toward the decline in the number of community banks. She said approximately 2,000 community banks have disappeared over the past decade, while only 62 new community banks formed during that period.

According to her post, the institutions acquiring community banks are primarily super-regional banks rather than crypto companies. She therefore linked the decline of smaller banks to industry consolidation rather than stablecoin activity.

Lummis also noted that the Senate Banking Committee has already included a nine-provision community bank package in the housing bill. She said the package is designed to support deposit retention while the CLARITY Act would impose additional restrictions on stablecoin yield practices.

Community Bank Concerns Draw Different Responses

The comments under the post offered different perspectives on the relationship between traditional banking and crypto.

Byrdsbie said banks need to adapt to changing customer preferences. The commenter said customers should be able to buy crypto through small banks and have those institutions accept crypto in return. Byrdsbie described innovation as necessary for banks seeking to retain customers and deposits.

XRP Ranger focused instead on the political process surrounding the CLARITY Act. The commenter questioned why the Senate has not scheduled a vote after the legislation passed the House with strong support. The comment called for lawmakers to allow a filibuster process rather than assuming the legislation lacks enough support to advance.

Lummis’ post ultimately presents the CLARITY Act as part of an effort to establish stricter stablecoin rules while addressing challenges facing community banks. Her central claim is that deposit growth and bank consolidation data do not support the idea that stablecoins are the primary cause of community bank decline.

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Clarity Act Update for XRP Holders: Cynthia Lummis Drops Bombshell Statement

Solomon Odunayo — Sat, 08 Aug 2026 06:08:43 +0000

Senator Cynthia Lummis released an official statement following the Senate’s decision to push the CLARITY Act voting to September. She acknowledged the frustration openly. “You all know me and how long and hard I’ve fought for this bill, so you can imagine how frustrated I am,” she said.

Lummis Speaks Out

Lummis did not stop there. She made clear she has no intention of stepping back. “We’ve come too far to quit now,” she said, adding that she will not give up because she believes the industry deserves to thrive with clear rules in the U.S., and many in the XRP army share that view.

Her statement covered three areas she sees as central to the bill’s purpose. She cited consumer protection from scams, confidence in the digital economy, and giving law enforcement the tools to hold bad actors accountable. She has constantly reiterated that the CLARITY Act is ready. In her view, the bill is the only legislation that achieves all three.

“The status quo fails on every level,” she said, “and I will not stop fighting until we fix this broken system.”

Why the Vote Was Delayed

The CLARITY Act currently holds 51 confirmed Senate votes and needs 60 to advance. Senate Majority Leader John Thune confirmed the delay and said leadership plans to have the bill ready when senators return from recess in September.

The bill has sat on the Senate Legislative Calendar since June 1. One provision has kept it from advancing. Democrats want state attorneys general to hold authority over DOJ ethics enforcement. The White House and Republicans both rejected that position, and negotiators ran out of time before recess.

Lummis’s Position On the Path Forward

Lummis closed her statement in a commitment to continue working with her colleagues. “This fight is far from over,” she said. That commitment is notable given the tight legislative calendar ahead. September represents the next realistic window for the vote.

Lummis has previously warned that failing to pass the bill in the current session could push meaningful crypto regulation to 2030. Her statement does not walk that concern back. It reinforces her determination to prevent that outcome.

September Is the Target

XRP holders have watched this bill from the beginning, and the delay did not sit well with many. The bill has strong support from the Republican side.

While all votes are not confirmed, recent reports suggest 7 to 10 Democrats support the bill. That support needs to hold when the Senate reconvenes. Lummis has made her position clear. She sees the CLARITY Act as essential, and she intends to keep pushing until it passes.

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Fresh CLARITY Act Update for XRP Holders from Senator Cynthia Lummis

Tobi Loba — Thu, 06 Aug 2026 07:00:22 +0000

The Senate may not leave Washington on Friday. Senator Cynthia Lummis, chairwoman of the Senate Subcommittee on Digital Assets, said the chamber will push into the weekend to complete votes on several pending bills, including the CLARITY Act.

She made the comments on Fox Business, speaking with Maria Bartiromo. Crypto pundit BankXRP (@BankXRP) shared the video with the community, amplifying her comments and expressing the desire to see the bill passed.

A Vote Is Coming

Lummis did not hedge. “I don’t think we’ll be leaving on Friday,” stating that the Senate will work into the weekend. She confirmed the CLARITY Act is among the bills senators will vote on before departing for August recess.

The legislation has been in negotiation for 11 months. During that time, Democrats requested over 300 pages of additions to the bill. Lummis made clear that patience has run its course. “It’s just time to get people on the record,” she said.

Bipartisan Pressure Is Building

Lummis is not alone in pushing for a vote. Senator John Kennedy has also stated publicly that the bill should pass. He went further, saying he would not mind staying in Washington rather than leaving for recess, because the American people expect the Senate to act on this legislation and several others.

The CLARITY Act has not been added to the agenda, but the voices calling for a vote are growing louder.

The One Issue Still in the Way

The bill aims to establish a clear regulatory structure for digital assets in the U.S., drawing legal distinctions between assets classified as commodities and those classified as securities.

The one remaining sticking point in negotiations involves whether state attorneys general should have authority to sue the Department of Justice over ethics enforcement. Democrats support it, but Republicans and the White House do not.

Senators Tom Tillis and Ruben Gallego have led discussions to bridge that gap. Any final agreement must also receive President Trump’s approval before the bill advances.

XRP and What a Vote Could Mean

XRP stands to benefit from the CLARITY Act passing. The bill would reinforce the regulatory clarity that the asset fought to secure. A vote on the Senate floor, even before a final result, would mark a significant step forward and put every senator on record. The next few days will determine whether that vote happens, but Lummis believes it will.

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